Economics Unit Flashcard

Economics Unit Flashcard

Assessment

Flashcard

Social Studies

11th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

WHAT ARE THE 4 FACTORS OF PRODUCTION?

Back

Land, Labor, Capital, Entrepreneurs

2.

FLASHCARD QUESTION

Front

WHAT IS LABOR?

Back

work people do for pay to produce good and services

3.

FLASHCARD QUESTION

Front

_______________ IS KNOWN AS THE NATURAL RESOURCES USED TO PRODUCE GOODS AND SERVICES

Back

Land

4.

FLASHCARD QUESTION

Front

_______________ IS KNOWN AS THE MANMADE RESOURCES USED TO PRODUCE GOODS AND SERVICES.

Back

Capital

5.

FLASHCARD QUESTION

Front

AN ENTREPRENEUR IS A PERSON WHO _______________.

Back

uses land, labor, and capital to produce goods and services.

6.

FLASHCARD QUESTION

Front

Which factor of production would you consider a lawn mower? Options: Land, Labor, Capital, Entrepreneur

Media Image

Back

Capital

7.

FLASHCARD QUESTION

Front

What are the three economic questions?

Back

What to produce? How to produce? For whom to produce?

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